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2025-10-29 Wednesday

2025-11-04

13:06:31

The Indian government stated that India and the EU believe that issues related to steel, automobiles, the carbon border adjustment mechanism, and EU regulations require further discussion due to their high sensitivity.

13:06:22

Malaysia's Trade Minister: Despite reaching a critical minerals agreement with the United States, Malaysia will maintain its ban on rare earth ore exports

13:06:09

Reserve Bank of New Zealand Governor Hawkesby: We don't need to look far to see the independence of central banks around the world under attack.

13:05:50

[Shanghai: Striving to Establish a Full-Coverage, Highly Efficient, and Seamless Metropolitan Area Millisecond-Level Computing Network Capability System by 2027] The Shanghai Municipal Communications Administration and the Shanghai Municipal Commission of Economy and Informatization issued a notice on launching a special action for "Millisecond-Level Computing" in Shanghai's metropolitan area. The notice states that by 2027, a full-coverage, highly efficient, and seamless metropolitan area millisecond-level computing network capability system will be basically established. This will provide millisecond-level computing resource network access capabilities within the metropolitan area, specifically achieving millisecond-level interconnection (<1 millisecond) for computing centers to infrastructure, millisecond-level access to computing resources (<1 millisecond) for key locations, and millisecond-level accessibility for computing applications to application terminals (network latency <10 milliseconds).

13:05:23

Traders: India's central bank intervenes to support the rupee, triggering more dollar selling

13:05:12

US President Trump: If I were still president, the Russia-Ukraine conflict would never have happened. We completed eight such missions in eight months, and I believe the others will be resolved. I thought it was one of the simplest things. We are working together to solve unprecedented challenges, shape a free and open Indo-Pacific region, and build a future of dignity, security, prosperity, and pride for all.

13:04:37

US President Trump: If you build a factory in the US, tariffs are zero, and we will reach a great trade deal with India.

13:03:55

US President Trump: Economic security is national security, and the agreement with South Korea will be finalized soon. Trade policy is a key factor in a series of new investments.

13:03:33

US President Trump: The US is reforming steel production and increasing output, and streamlining approval processes for new energy and mining projects.

13:03:14

US President Trump: American factories are thriving, semiconductor manufacturing is rapidly returning to the US, we are a sincere partner of South Korea, and we expect the US to play a significant role in the chip industry. We will have a very prosperous shipbuilding industry, and when the US prospers, our alliances and the Indo-Pacific region will also prosper. We are rapidly issuing licenses to investors.

13:02:11

US President Trump: We have secured over $18 trillion in new investment commitments, and by the end of my second term, we could have $21-22 trillion in investment flowing into the US. We expect GDP growth of 4% next quarter and will not allow the Federal Reserve to raise interest rates.

13:00:51

Japan's household consumer confidence index for October

Previous : 35.30 Forecast : -

Published Value 35.80

13:00:16

The Shanghai Composite Index opened at 4003.25 points, up 0.38%; the CSI 300 Index opened at 4715.02 points, up 0.49%; the Shenzhen Component Index opened at 13552.13 points, up 0.91%; the ChiNext Index opened at 3273.86 points, up 1.37%; and the SME Composite Index opened at 14478.57 points, up 0.54%.

13:00:16

Japan's household consumer confidence index for October

Previous : 35.30 Forecast : -

Published Value 35.80

12:35:47

18 Forex Support and Resistance Charts in One Chart: US Dollar + European and Japanese Currencies + Commodity Currencies + Emerging Currencies (October 29, 2025) Details>

12:33:42

Commodity support and resistance chart: Gold, Silver, Oil, Gas, Platinum, Palladium, Copper, and Agricultural Products Futures (October 29, 2025) Details>

12:22:58

A summary chart of futures company viewpoints: Non-ferrous metals (copper, zinc, aluminum, nickel, tin, etc.) on October 29th Details>

12:12:40

The Nikkei 225 index has just broken through the 51,100.00 mark, currently trading at 51,095.45, up 1.74% on the day.

12:06:20

Spot gold has just broken through the $3,960.00/ounce mark, and is currently trading at $3,959.58/ounce, up 0.18% on the day; COMEX gold futures are currently trading at $3,974.10/ounce, down 0.23% on the day.

11:55:25

[Trump-Founded Social Media Platform Launches Current Event Betting] On October 28th, local time, Truth Social, the social media platform founded by US President Trump, announced that it would allow users to bet on the outcomes of real-world events through the platform. According to the app, users can place bets on political, economic, and sports events, including "election results, interest rate and inflation changes, price trends of commodities like gold and crude oil," and "major sports league events." US federal regulators do not classify these "prediction markets" as gambling, so related transactions are overseen by the Commodity Futures Trading Commission (CFTC), rather than by state gaming authorities.

11:52:33

The Philippines says it will sign a military agreement with Canada on November 2.

11:48:41

The US government shutdown deadlock continues! With the wave of pay cuts still ongoing, another 42 million people are feared to face food shortages. Details>

11:45:06

Suzuki Motor President: Our vehicle sales in India are expected to be in line with or slightly above expectations this fiscal year

11:44:56

Economists at the Commonwealth Bank of Australia (CBA) believe the Reserve Bank of Australia will not cut interest rates further and that rates will remain at 3.6% for an extended period.

11:44:11

[Beijing Stock Exchange Chairman Lu Songbin: Enhancing the Adaptability and Precision of the Listing Review System] At the 2025 Financial Street Forum Annual Meeting, Lu Songbin, Chairman of the Beijing Stock Exchange, stated that the exchange will continue to study and optimize its listing standards system, enhance the adaptability and precision of the listing review system, continuously improve the M&A and restructuring tools, guide financial resources towards key core technology fields, support the transformation and upgrading of traditional industries, and better serve the development of new productive forces. Furthermore, the exchange will enrich its bond market product system, promote the normalized issuance of government bonds, expand the functions of the credit bond market, launch more bond varieties to implement national strategies, and promote the implementation of more typical cases of special bonds such as science and technology innovation bonds and green bonds.

11:38:59

[Wuhan: Enterprises to Receive Up to 200,000 Yuan in Subsidies Annually for Purchasing Computing Power] Recently, Wuhan officially began issuing its first batch of computing power service vouchers. A total of 13 computing power service providers were identified, offering 52 computing power products, and 3431p of public service computing power resources are eligible for "computing power vouchers." According to the main person in charge of the Artificial Intelligence Division of the Wuhan Municipal Bureau of Economy and Information Technology, based on the "Several Policy Measures of Wuhan Municipality to Promote the Development of the Artificial Intelligence Industry," computing power service vouchers with a total amount of no less than 10 million yuan will be established annually based on computing power usage, focusing on supporting small and medium-sized enterprises to purchase computing power services. Enterprises will receive a subsidy of 50% of their computing power service fees, up to a maximum of 200,000 yuan, with a subsidy period not exceeding three years.

11:36:55

Oil prices continued their decline on Wednesday, pressured by concerns over potential OPEC+ production increases. 1. Oil prices continued their downward trend after three consecutive days of losses. Although prices were briefly boosted by news of an unexpected drop in US crude oil inventories, investor concerns about Russian sanctions and potential OPEC+ production increases continued to weigh on prices. WTI crude is currently trading at $66.06 per barrel, down about 0.15%; Brent crude is currently trading at $63.73 per barrel, down about 1.9%. 2. According to data from the American Petroleum Institute (API), US crude oil inventories fell by 4.02 million barrels last week, gasoline inventories fell by 6.35 million barrels, and distillate fuel inventories fell by 4.36 million barrels. This inventory decline exceeded expectations and briefly fueled the rebound in the previous trading day. 3. Priyanka Sachdeva, senior market analyst at Phillip Nova, said that the unexpected decrease in US inventories supported oil prices in early trading today, but sanctions risks and OPEC+ dynamics are dominating the market. She emphasized that while sanctions and supply issues have become the focus, weak demand and spare capacity still limit upside potential. Oil prices recorded their biggest weekly gain since June last week after Trump imposed sanctions on Russian oil companies for the first time during his second term, but overnight both major benchmark crude futures fell 1.9%. 4. The Kremlin responded that Russia provides high-quality, low-cost energy, and partners can decide for themselves which to purchase. Industry insiders revealed that several Indian refiners have suspended new orders for Russian oil and are turning to the spot market for alternatives, but Indian Oil Corporation stated that it will continue to purchase as long as sanctions are complied with. The German Economy Minister stated that the US has assured that Russian oil operations in Germany will not be affected. 5. Four sources familiar with the matter revealed that OPEC+ is inclined to increase production slightly in December, possibly by 137,000 barrels per day. Analysts pointed out that the Fed's interest rate decision and the meeting between Chinese and American leaders in the second half of the week may boost market sentiment.

11:33:44

US President Trump said at Truth Social that we did not come to Korea to see Canada.

11:33:33

A-Share Midday Market Review: Shanghai Composite Index Rebounds Above 4,000 Points, with Many Stocks in the Securities and Nonferrous Metals Sectors Gaining Ground. The three major indices rose collectively in early trading. By midday, the Shanghai Composite Index rose 0.37%, the Shenzhen Component Index rose 0.9%, the ChiNext Index rose 1.35%, and the Beijing Stock Exchange 50 Index rose 0.29%. Half-day trading volume in Shanghai, Shenzhen, and Beijing reached 1.4342 trillion yuan, a 74.7 billion yuan increase from the previous day. Over 2,000 stocks rose across the board. In terms of sectoral themes, the Hainan Free Trade Zone, securities, diversified finance, nonferrous metals, quantum technology, batteries, and gaming led the gains, while banks, logistics, cinema chains, liquor, and retail saw the largest declines. Computing hardware stocks mostly opened higher, with Zhongji Innolight, Foxconn Industrial Internet, and New E-Sun reaching record highs. Photovoltaic equipment and energy storage sectors performed actively, with Sungrow Power Supply reaching a new intraday high, while Longi Green Energy, Canadian Solar, and Tongrun Equipment led the gains. The securities and internet finance sectors also performed positively during the session, with Huaan Securities hitting its daily limit, while Ruida Futures, Northeast Securities, and Flush all saw gains. Furthermore, non-ferrous metals, Hainan Free Trade Zone, and quantum technology stocks all saw some movement. Meanwhile, the banking sector saw a volatile decline, with Bank of Chengdu, Xiamen Bank, and Shanghai Pudong Development Bank leading the decline. Fujian local stocks saw mixed performance, with many adjusting, with XCMG, Xiamen Cinda, and Zhangzhou Development leading the decline.

11:33:12

[EU to Establish Fund to Support Key Domestic Technology Companies] The European Commission and eight major European investment institutions held consultations in Brussels on the 28th to discuss establishing a technology investment fund of €3 billion to €5 billion to support the development of key European technology companies. The fund aims to address the funding gap for European technology companies in later-stage financing, helping startups scale up in Europe and avoid relocating to the US or other regions to seek overseas capital. The fund will focus on investing in "strategic and enabling technologies," including advanced materials, clean energy, and artificial intelligence, and is expected to officially launch in April next year.

11:32:06

The Nikkei 225 index just broke through the 51200.00 mark and was last at 51199.92, up 1.95% on the day.

11:32:06

Thailand's Ministry of Commerce: Investment applications in Thailand have increased due to data centers and the electronics industry.

11:31:06

The Shanghai Composite Index closed at 4002.83 points in the morning, up 0.37%; the CSI 300 Index closed at 4714.54 points in the morning, up 0.48%; the Shenzhen Component Index closed at 13550.65 points in the morning, up 0.90%; the ChiNext Index closed at 3273.28 points in the morning, up 1.35%; the SME Board Index closed at 14475.74 points in the morning, up 0.52%.

11:30:15

The Nikkei 225 index opened at 51,246.95 points at midday, up 2.05%.

11:28:40

[US Dollar Hovering at a One-Week Low as Markets Await the Fed's Interest Rate Decision] 1. The US dollar hovered near a one-week low against major currencies on Wednesday, with the market widely expecting the Federal Reserve to announce a rate cut later that day. The US dollar index remained steady at 98.75, up about 0.04%, after a slight drop of 0.1% the previous day, hitting a new one-week low of 98.55. Traders are closely watching Fed Chairman Powell's guidance at the press conference, particularly any confirmation of a December rate cut, which could trigger market volatility. 2. The US dollar fell 0.3% against the Japanese yen to 151.53, extending its two-day decline. It is currently trading around 151.93, having narrowed its losses to 0.1%. US Treasury Secretary Bensoner's social media post hinted that the new Japanese government is open to a central bank rate hike, adding to pressure on the dollar. The Bank of Japan will announce its policy decision on Thursday, and is expected to keep interest rates unchanged, but the market is watching for clues about a potential December rate hike. Japanese Prime Minister Sanae Takaichi urged the Bank of Japan to maintain accommodative policies, but emphasized that policy is determined by the central bank. Bensoner has repeatedly criticized the Bank of Japan for its slow pace of rate hikes. 3. The currency market is also focused on the meeting between US President Trump and Chinese President Trump in South Korea on Thursday. The European Central Bank will also announce its policy on Thursday, and is expected to keep interest rates unchanged. The euro fell slightly against the dollar to 1.1642, a drop of approximately 0.07%.

11:26:10

Goldman Sachs expects the Bank of England to cut interest rates by 25 basis points in November, after previously predicting no rate cut.

11:25:35

Spot gold has just broken through the $3,970.00/ounce mark, and is currently trading at $3,970.15/ounce, up 0.45% on the day; COMEX gold futures are currently trading at $3,983.70/ounce, up 0.02% on the day.

11:25:28

Thailand's Ministry of Commerce: Investment applications in Thailand increased by 94% year-on-year between January and September.

11:21:44

[Survey: Bank of Canada Expected to Cut Rates by 25 Basis Points This Week] Ten out of 12 economists surveyed by The Wall Street Journal predict that the Bank of Canada will cut interest rates by 25 basis points on Wednesday, bringing its main rate to 2.25%. At this level, the policy rate would be at the lower end of the central bank's estimated neutral stance, a level that neither inhibits nor stimulates growth. The two analysts who predict no change this week expect a rate cut in December, reflecting the gloomy economic environment.

11:17:17

According to Yonhap News Agency, data shows that the number of newborns in South Korea increased for the 14th consecutive month in August, mainly due to an increase in the number of marriages. A total of 20,867 babies were born in August, a 3.8% increase compared to the same period last year.

11:17:08

U.S. Defense Secretary Hergsays: We discussed training, capabilities, spending, and all the ways the U.S. and Japan contribute to defense.

11:16:55

U.S. Defense Secretary Hergsay: (When asked if any specific requests had been made to Japan to increase defense spending) The United States has not made any requests to Japan.

11:13:37

[Hualong Securities: Accelerated Commercialization of AI Agents Expected to Expand Application Scenarios; "Recommended" Rating Maintained for the Computer Industry] Hualong Securities released a research report stating that AI agents may succeed chatbots as the next mainstream AI product form. From the perspective of the ultimate form of AI, the ability for AI to participate in decision-making and execute operations based on recognition, understanding, and reasoning is an essential path for the development of AGI. Agents are driving a shift in corporate budgets from "buying tools" to "buying results," global computing power capex continues to rise, and basic models are iterating rapidly, creating favorable conditions for the prosperity of the agent ecosystem. The "Recommended" rating is maintained for the computer industry.

11:12:07

[Tianfeng Securities: Slowing Copper Mine Supply Growth Supports Copper Mine Profits] Tianfeng Securities released a research report stating that in 2025, a significant reduction in the TC benchmark will ease mine costs and lead to a substantial increase in copper prices. Copper mine profits in 2025 may continue to maintain the high level of 60% seen since 2024. However, the growth rate of copper mine supply is moving in the opposite direction, turning downwards. In recent years, many Chinese copper mining companies have expanded into resource-rich regions such as Africa and South America. Under pressure from high costs and resource protectionism, they are increasing their reserves through mergers, acquisitions, and joint ventures. Furthermore, they are continuously investing in supporting infrastructure construction to further improve production and transportation efficiency, aiming to reduce long-term costs.

11:11:59

[USD/CAD Hits One-Month Low Amid Fed and Bank of Canada Decisions] 1. The USD/CAD pair continued to decline in Asian trading on Wednesday, hitting a low of 1.3931, matching the near one-month low reached on October 8, a drop of about 0.1%. This marks the third consecutive day of decline for the pair, primarily driven by a weaker US dollar, as the market awaits the Federal Reserve's policy decision that day. 2. The Federal Reserve is expected to cut interest rates by another 25 basis points at its October meeting, bringing the benchmark rate to 3.75%-4.00%. According to the CME FedWatch Tool, the market has fully priced in this rate cut and believes there is a 91% probability of another rate cut in December. Traders are particularly focused on Fed Chairman Jerome Powell's comments on the future pace of easing. A CNBC October survey indicated that the Fed may cut rates further in the next two meetings. 3. The US dollar received some support from the upcoming meeting between US President Trump and Chinese President Trump on Thursday. If the two sides reach a framework agreement, potentially suspending US tariffs and export controls, this would further boost the dollar. 4. The Bank of Canada is also expected to cut interest rates by 25 basis points later on Wednesday. However, the outlook for Canadian interest rates is relatively optimistic, with its policy rate of 2.25% still offering a positive real yield relative to the 2.4% CPI. Analysts expect this rate cut may mark the end of the easing cycle, and the central bank may shift to a neutral or hawkish stance to address moderate inflation and high unemployment.

11:11:17

According to Newsweek, on the 28th local time, US President Trump, speaking at a US military base in Japan, complained about the electromagnetic catapult system on US aircraft carriers and hinted at reverting the Navy to steam power.

11:08:01

Changes in Japan's PAJ commercial crude oil inventories for the week ending October 25

Previous : 11.69 Forecast : -

Published Value -37.76

11:08:00

Changes in PAJ gasoline inventories in Japan for the week ending October 25 -GAS

Previous : 5.70 Forecast : -

Published Value -1.67

11:07:59

The average operating rate of PAJ refineries in Japan for the week ending October 25

Previous : 86.20% Forecast : -

Published Value 91.20%

11:07:59

Japan's PAJ kerosene inventory changes for the week ending October 25 -KER

Previous : 2.13 Forecast : -

Published Value -9.17

11:06:51

A chart summarizing "pivot points + long/short position signals" for gold, crude oil, forex, and stock indices on October 29, 2025. Details>

11:06:28

US Defense Secretary Hergsay: Hopes Japan's plan to increase defense spending can be implemented as soon as possible.

11:03:01

The United States and Thailand have stated that they will not use macroprudential or capital flow measures to set exchange rate targets for competitive purposes, and that intervention in the foreign exchange market should be aimed at combating excessive and disorderly volatility.

11:02:21

US Defense Secretary Hergsay: Security situation around Japan remains severe.

11:02:05

RMB SHIBOR (Shanghai Interbank Offered Rate): Latest data as of October 29, 2025 shows that rates declined over 7 periods, while remaining unchanged over 1 period. The overnight SHIBOR was 1.414%, down 5.5 basis points. The largest change was seen in the 2-week SHIBOR, down 8.8 basis points. (For details on SHIBOR and changes over the past ten working days, please refer to the chart created by FX678). Other periods show: 1-week SHIBOR at 1.512%, down 1.8 basis points; 2-week SHIBOR at 1.559%, down 8.8 basis points; 1-month SHIBOR at 1.556%, down 0.1 basis points; 3-month SHIBOR at 1.599%, unchanged; 6-month SHIBOR at 1.64%, down 0.2 basis points; and 9-month SHIBOR at 1.658%, down 0.2 basis points. The one-year Shibor rate was 1.675%, down 0.3 basis points.

10:58:44

Japanese Defense Minister Shinjiro Koizumi: Agreed to further promote joint maintenance of ships and aircraft with US Defense Secretary Hegseth

10:57:09

Bank of America: Expect the Bank of Japan to raise interest rates in January after keeping them unchanged in October

10:56:59

The U.S. National Hurricane Center: Hurricane Melissa has intensified again as it approaches eastern Cuba and is expected to make landfall in Cuba as an extremely dangerous strong hurricane in the next few hours.

10:56:15

【Short-term trading advice for US crude oil: range-bound trading, sell on rallies and buy on dips】 (1) Reasons for analysis: Affected by the new round of sanctions imposed by the United States on major Russian oil producers, international oil prices fell for the third consecutive day. At the same time, US crude oil inventory data showed mixed results, with some regions experiencing a decrease in inventory but Cushing inventory increasing. In the short term, there is a possibility of a second decline in oil prices. Technically, after testing the range resistance, it did not break through. We are waiting for the indicators to correct before choosing a direction. (2) Key areas to watch: geopolitical situation, EIA inventory data, US dollar index (3) Resistance: 60.50, 61.00, 61.50 (4) Support: 60.00, 59.50, 59.00

10:56:10

【Short-term trading suggestions for spot gold: range fluctuation, short selling on rallies, buying on dips】 (1) Analysis reasons: Gold maintains a volatile adjustment. Although expectations for the Fed's interest rate cut are rising, caution is maintained before the interest rate decision is finalized. At the same time, the market's risk aversion has further declined, which is not conducive to the strengthening of gold prices. The current correction is a correction to the previous overbought situation. Before the medium-term bullish trend is broken, wait for the adjustment to be completed. (2) Key points: risk aversion, US dollar index, US Treasury yields, Fed interest rate decision (3) Resistance: 3980, 4000, 4050 (4) Support: 3930, 3900, 3850;

10:55:28

[Australian Dollar Climbs to Three-Week High as Higher-than-Expected Inflation Data Reduces Rate Cut Expectations] 1. The Australian dollar rose to a three-week high on Wednesday, gaining as much as 0.35% to 0.6606 against the US dollar, its highest level since October 9. It is currently trading around 0.6597. This followed a surprisingly sharp rise in core inflation, which led the market to almost rule out a rate cut next week and sparked discussions about whether the entire easing cycle has ended. The report showed that overall CPI rose 1.3% quarter-on-quarter in the third quarter, influenced by factors such as electricity bills and holiday expenses; the core inflation cutoff mean rose 1.0% quarter-on-quarter, far exceeding the expected 0.8%, while the Reserve Bank of Australia had originally expected it to be closer to 0.6%. 2. Year-on-year, the CPI cutoff mean rose to 3.0%, reaching the upper limit of the Reserve Bank's 2%-3% target range, ending the downward trend since the peak of 6.8% at the end of 2022. 3. Marcel Thieliant, Head of Asia Pacific Economics at Capital Economics, pointed out that inflation is far exceeding the Fed's forecast, therefore a rate cut is unlikely in November, and the possibility of further easing is also diminishing. Policymakers have consistently emphasized the upside risks to inflation, particularly construction costs and market services pressures. 4. Earlier this week, RBA Governor Bullock stated that a core inflation rate of 0.9% would be significantly different from forecasts, prompting investors to adjust their expectations. The market reacted sharply, with the probability of a 25 basis point rate cut at the November 4th meeting dropping from 40% to 8%, and the probability of a December rate cut falling from 70% to 28%, pushing full pricing in a rate cut until June next year.

10:55:24

[RBA Likely to Keep Rates Unchanged in November] 1. According to Westpac Chief Economist Luci Ellis, Australia's latest inflation data has significantly exceeded the central bank's expectations, which will directly influence the country's future interest rate decisions. 2. Ellis, former head of the RBA's forecasting department, pointed out that the third-quarter inflation rate was "significantly" higher than the central bank's forecast, making it highly likely that the central bank will keep the overnight cash rate unchanged at its November meeting. 3. Ellis further stated that the better-than-expected CPI data, coupled with emerging signs of consumer demand recovery, not only reduces the likelihood of a December rate cut, but even the February rate cut plan is "far from certain." This judgment is mainly based on the strength of this quarter's much stronger-than-expected inflation data, indicating that the RBA will adopt a more cautious approach to the normalization of monetary policy.

10:52:48

Beijing Stock Exchange Chairman Lu Songbin: Strengthening Services for Major Strategies, Key Areas, and Weak Links. On October 29th, at the "Innovation, Cooperation, and Openness - Technological Innovation and Financial Services in the Restructuring of the Global Economy" forum at the 2025 Financial Street Forum Annual Meeting, Beijing Stock Exchange Chairman Lu Songbin stated that the Beijing Stock Exchange will strengthen its services for major strategies, key areas, and weak links. First, the Beijing Stock Exchange will better leverage its role in supporting technological innovation. Continue research and optimize the Beijing Stock Exchange's listing standards system, enhance the adaptability and precision of the listing review system, continuously improve the merger and acquisition (M&A) and restructuring system tools, guide financial resources toward key core technology areas, support the transformation and upgrading of traditional industries, and better serve the development of new-quality productivity. Second, consolidate the regulatory and nurturing function of the National Equities Exchange and Quotations (NEEQ). Research will be conducted to deepen the reform of the NEEQ, improve differentiated institutional arrangements, further promote institutional integration between the third and fourth boards, enhance their functionality and attractiveness, and strive to build a full-lifecycle service system for enterprises. Third, enrich the Beijing Stock Exchange's bond market product portfolio. Promote the regular issuance of government bonds, expand the functions of the credit bond market, launch more bond varieties centered on the implementation of national strategies, and promote the implementation of more typical special bonds such as science and technology innovation bonds and green bonds.

10:50:32

Crude oil trading alert: Global oversupply expectations are putting downward pressure on oil prices; be wary of another break below support levels in the short term. Details>

10:50:30

The Shanghai Composite Index has just broken through the 4000.00 mark, currently trading at 4000.04, up 0.30% on the day.

10:47:40

[China-Laos Railway Transports Over 70 Million Tons of Goods] According to the China Railway Kunming Bureau Group, since its opening, the China-Laos Railway has, as of October 28, operated 63,000 freight trains, transporting over 70 million tons of goods, including 16 million tons of cross-border freight, radiating to 19 countries and regions. Especially this year, both freight volume and cross-border freight volume have maintained strong double-digit growth, making the China-Laos Railway a golden route connecting domestic and international markets, radiating to surrounding areas, and mutually beneficial. This year, the China-Laos Railway has transported a total of 19.88 million tons of goods, a year-on-year increase of 25%. Among them, cross-border freight reached 4.47 million tons, a year-on-year increase of 12.7%. Exports increased by 400,000 tons, with significant increases in exports of vegetables, fertilizers, and steel, with increases of 45%, 71%, and 26.6% respectively. Imports increased mainly in fruits and food products, with fruits reaching 50,000 tons and food reaching 100,000 tons, with increases of 35% and 67% respectively.

10:46:24

[US Revokes Permits for Several Mexican Airlines to Operate in the US] On October 28, local time, the US Department of Transportation announced that it had revoked the permits of 13 Mexican airlines for existing or planned routes to the United States and suspended all mixed passenger and cargo flights from Felipe Angeles International Airport in Mexico to the United States. Duffy stated that Mexico "illegally canceled and froze flights operated by US airlines for three years without any punishment." Mexico's continued non-compliance with bilateral aviation agreements "may affect the travel plans of US travelers," and advised passengers to contact their respective airlines for specific rebooking information.

10:45:58

According to Fox News: A memo released on September 30th shows that the Pentagon has removed key protections for civilian employees and instructed managers to promptly dismiss underperforming staff. The memo states that managers will be held accountable for failing to address issues of "underperforming employees."

10:42:45

The U.S. National Hurricane Center: Sonia remains a tropical storm and is expected to weaken into a remnant low pressure system later tonight.

10:41:39

Spot platinum just broke through the $1,570.00/ounce mark and was last trading at $1,569.88/ounce, down 0.08% on the day. The main Nymex platinum futures contract was last trading at $1,572.4/ounce, down 0.78% on the day.

10:41:32

U.S. Defense Secretary Hergsays said the meeting with the Japanese Defense Minister was very pleasant and welcomed Japan's recent commitment to increase defense spending.

10:39:37

According to reports from US media outlets such as The Hill on October 29, US Defense Secretary Hergsays will visit South Korea early next month, during which time he will prohibit bearded soldiers from attending official events he hosts. Previously, Hergsays presented 10 new directives at a conference of US military generals, explicitly stating that soldiers are no longer allowed to grow beards, and publicly criticized overweight soldiers and generals.

10:35:47

Spot gold just broke through the $3,950.00/ounce mark and was last trading at $3,947.64/ounce, down 0.12% on the day. The main COMEX gold futures contract was last trading at $3,963.10/ounce, down 0.50% on the day.

10:35:38

Spot platinum has just broken through the $1580.00/ounce mark, and is currently trading at $1579.11/ounce, up 0.51% on the day; Nymex platinum futures are currently trading at $1583.3/ounce, down 0.09% on the day.

10:34:12

[President Trump's Public Approval Rating Declines] 1. According to the latest polls, President Trump's public approval rating has recently declined, with his job performance approval rating dropping to 42%, matching the lowest level during his term. At the same time, the proportion of people dissatisfied with his performance has risen to 57%, indicating a widening of negative evaluations. 2. The core focus of public discontent is on economic issues. Dissatisfaction with Trump's handling of the cost of living pressures on American families has risen sharply, with 63% of Americans expressing dissatisfaction, up from 58% earlier this month. Dissatisfaction is more than double his approval rating, becoming a key factor dragging down his overall approval rating. 3. Compared to strong dissatisfaction with the cost of living, the polls show that many Americans are not overly concerned about the ongoing government shutdown. Approximately 29% of respondents said they were indifferent to or even pleased with the shutdown, 20% were angry, and about 50% were primarily frustrated. Most respondents believed that the shutdown would have a limited direct impact on their personal lives.

10:33:07

US President Trump arrives in South Korea

10:31:47

Spot gold has just broken through the $3,960.00/ounce mark, and is currently trading at $3,959.98/ounce, up 0.19% on the day; COMEX gold futures are currently trading at $3,973.60/ounce, down 0.24% on the day.

10:31:07

The Nikkei 225 index closed the morning session at 51,249.82 points, up 2.05%.

10:30:27

USD/CNH just touched the 7.1000 yuan mark and was last trading at 7.1000 yuan, up 0.07% on the day. USD/CNH was last trading at 7.1021 yuan, up 0.05% on the day.

10:30:04

[ANZ: RBA Likely to Unanimously Vote to Keep Rates Unchanged] ANZ's Head of Australian Economics, Adam Boyton, stated that despite renewed concerns about the Australian job market outlook, the surge in third-quarter inflation has completely dashed hopes for a rate cut in November. Boyton expects the RBA to unanimously decide to keep rates unchanged despite the recent rise in unemployment. However, he added that if economic activity actually performs significantly worse than expected, the RBA could indeed choose to ease monetary policy in December.

10:29:19

The South Korean presidential office stated that Trump will hold a luncheon summit with Lee Jae-myung, where they will discuss trade and alliance modernization.

10:28:41

Middle East war continues! Israeli airstrikes rip ceasefire agreement, and crude oil prices face a "powder keg premium." Details>

10:25:50

A chart showing the latest China Cotton Price Index (CC Index) data (October 29, 2025): The 3128B cotton price index was 14,840 yuan/ton (3128B is the benchmark for cotton futures delivery recognized by the Zhengzhou Commodity Exchange), up 10 yuan/ton, or 0.07%. The 2227B cotton price index was 13,029 yuan/ton, up 13 yuan/ton, or 0.10%, and the 2129B cotton price index was 15,111 yuan/ton, up 5 yuan/ton, or 0.03%. FX678's specially created chart provides a summary of the latest 30 trading days of the China Cotton Price Index (CC Index). The China Cotton Price Index is published once per trading day, with three price quotes: 3128B, 2227B, and 2129B. The benchmark delivery commodity for Zhengzhou Commodity Exchange cotton futures contracts is 3128B domestically produced cotton. The spot market cotton transaction price is converted to the price of 3128B cotton using a specific formula. For example, research reports will list the price of cotton from a certain origin and its 3128B equivalent.

10:25:12

Gold prices rebounded on support from bargain hunting as the market awaited the Fed's interest rate decision. 1. Gold prices rose slightly on Wednesday, after falling to a three-week low in the previous session, as investors awaited the Federal Reserve's interest rate decision later that evening. Spot gold is currently trading around $3965 per ounce, up about 0.3%, having touched a high of around $3886 on Tuesday. 2. The market widely expects the Fed to announce an interest rate cut after its policy meeting, with investors focusing on Fed Chairman Powell's comments on the economic outlook. In addition, the European Central Bank is expected to keep interest rates unchanged at its policy meeting on Thursday. 3. In the trade arena, the summit between the leaders of the US and China is expected to be held in South Korea on Thursday, with the progress of US-China negotiations becoming a key focus before the meeting. 4. Influenced by geopolitical and economic uncertainties, expectations of an interest rate cut, and continued central bank gold purchases, gold prices have risen by about 52% this year, reaching a record high of $4381.29 on October 20. 5. Meanwhile, on the eve of the Fed's highly anticipated interest rate cut, the dollar is hovering near a one-week low against major currencies. 6. Preliminary weekly estimates released Tuesday by the ADP National Employment Report showed that in the four weeks ending October 11, the U.S. private sector added an average of 14,250 jobs per week.

10:23:27

South Korea's central bank governor: GDP growth in the third quarter was stronger than expected, thanks to consumer vouchers and robust exports

10:23:19

Chief Cabinet Secretary Minoru Kihara stated that monetary policy falls under the jurisdiction of the Bank of Japan, and the government will continue to coordinate closely with the Bank of Japan. He anticipates that the Bank of Japan's monetary policy will appropriately achieve its inflation target.

10:22:56

The Governor of the Bank of Korea said that the growth rate in 2025 is more likely to reach 1.0% or higher, rather than the previously expected 0.9%, and the GDP growth forecast for 2025 will be raised.

10:22:27

South Korean Presidential Office: President Lee Jae-myung will present a replica of a golden crown to US President Trump.

10:19:05

Brent crude oil futures fell 1.01% to $63.78 a barrel on the day.

10:18:15

The Nikkei 225 index has just broken through the 51,200.00 mark, currently trading at 51,184.78, up 1.92% on the day.

10:18:00

Japanese Chief Cabinet Secretary Minoru Kihara: Regarding projects under the $550 billion strategic investment plan, as stated in the Japan-U.S. memorandum of understanding dated September 4, the selection process will be conducted through the Trade Commission's procedures.

10:17:49

South Korean Presidential Office: South Korean President Lee Jae-myung and President Trump will discuss trade, investment, and inter-Korean peace issues.

10:17:03

Japanese Chief Cabinet Secretary Minoru Kihara: The Japan-U.S. economic partnership is extremely close. By promoting various business initiatives that help strengthen the Japan-U.S. supply chain, both countries are expected to achieve strong economic growth and maximize their national interests.

10:16:46

South Korean Presidential Office: US President Trump will discuss trade, investment and other issues

10:16:38

Japanese Chief Cabinet Secretary Minoru Kihara: The US and Japan will continue to cooperate to further enhance the deterrent and response capabilities of the Japan-US alliance.

10:11:20

[Over 50 Billion Passenger Trips! my country's Population Flow Continues to Increase in the First Three Quarters] Data released by the Ministry of Transport on October 29 shows that in the first three quarters of 2025, my country completed 50.6 billion cross-regional passenger trips, a year-on-year increase of 3.1%; completed 43.25 billion tons of commercial freight volume, a year-on-year increase of 3.89%; completed 13.57 billion tons of port cargo throughput, a year-on-year increase of 4.6%; and completed 2.6 trillion yuan of fixed asset investment in transportation.

10:10:54

Spot platinum has just broken through the $1590.00/ounce mark, last trading at $1589.56/ounce, up 1.17% on the day; Nymex platinum futures are last trading at $1593.2/ounce, up 0.53% on the day.

10:10:51

The Trump administration ruled out the possibility of selling offshore oil and gas leases on the U.S. East Coast.

10:10:28

[National Energy Administration: Strengthening Electricity Market Supervision and Rectifying Inappropriate Local Intervention] The National Energy Administration held its third energy regulatory work meeting of 2025. The meeting emphasized the need to vigorously promote the construction of a unified national electricity market, improve the electricity market rules and regulations system, promote regular cross-grid trading, strengthen electricity market supervision and rectify inappropriate local intervention, and ensure the continuous operation of provincial spot markets with basic full coverage. It also stressed the importance of all departments fulfilling their respective responsibilities in implementing comprehensive supervision and annual special supervision tasks in the electricity sector, conducting tiered and categorized work such as issuing warnings and ordering rectification, and strengthening the application and transformation of regulatory results.

10:08:51

Hainan A-share sector continued to rise, Kangzhi Pharmaceutical hit the 20CM limit, China Tungsten High-tech, Hyde Shares, and Haiqi Group had previously hit the limit, Jinpan Technology, Strait Shares, and Shennong Seed Industry were among the top gainers

48

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Real-Time Popular Commodities

Instrument	Current Price	Change
XAU	3993.95	-7.21 (-0.18%)
XAG	47.902	-0.157 (-0.33%)
CONC	60.26	-0.79 (-1.29%)
OILC	64.09	-0.72 (-1.12%)
USD	99.907	0.043 (0.04%)
EURUSD	1.1515	-0.0004 (-0.03%)
GBPUSD	1.3085	-0.0054 (-0.41%)
USDCNH	7.1254	0.0010 (0.01%)

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